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Item Firm-level analysis of manufacturing sector investment in Sri Lanka(Institute of Policy Studies of Sri Lanka, 2018-08) Hewage, Kithmina V ; Weerasekera, HariniForeign direct investment (FDI) has long been viewed as a major factor in economic growth and development. Whilst FDI predominantly originates and flows between advanced industrial nations, recent history has witnessed it soar in importance as a source of capital, management, and technology for both developing and transitional economies. Recognising its importance, successive Sri Lankan governments since independence have made the attraction of FDI a cornerstone of their development policy